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IDFC Bank Limited  a private sector bank, has changed its fixed deposit interest rates, which will take effect on September 15, 2021. A fixed deposit account at IDFC First Bank may be opened for a customizable term of 7 days to 10 years with a minimum deposit of Rs 10,000. The revised rates are as follows:

Disney+ Hotstar has announced three new subscription options starting from September 1st. The video streaming service appears to have upped the price of the VIP package and made it a mobile-only option. The premium plan's pricing remains the same, while the service has added one new plan. The most basic "Mobile" package will cost Rs 499 per year and will support only one device. The basic Disney+ Hotstar VIP package costs Rs 399 earlier. The second plan offered by Disney+ Hotstar is the "Super," which costs Rs 899 per year. Two devices are supported under the plan. On both subscriptions, users will enjoy HD video quality. The Disney+ Hotstar "Premium" package costs Rs 1,499 per year and provides customers with 4K content. It supports four different devices.

Punjab National Bank has lowered the interest rate on house loans to 6.60 percent. Punjab National Bank, a public sector lender, announced on September 17 that house loans will be offered at 6.60 percent, regardless of any higher ceiling restriction, subject to applicant having adequate credit score. The interest rate is the lowest among public sector banks and applies to balance transfers as well. PNB has also slashed the interest rate on house loans worth more than Rs 50 lakh by 50 basis points.PNB has stated, among other things, that it will provide existing and balance transfer customers op-up house loans at a low interest rate. PNB is giving a 100% waiver of service charges and processing costs on house loans as a festive discount.

A legal word used to identify the real owner or owners of a property is title. The most serious danger a homeowner confronts is having his or her property declared unlawful by a competent court in the nation. The insurance regulator, IRDAI, has ordered general insurance firms (excluding stand-alone health insurers) to develop new title insurance products for individual homeowners and allottees, keeping this in mind. Title insurance is a type of indemnity policy that covers a potential property owner from financial loss due to flaws in the property's title. On September 8, 2021, the IRDAI released title insurance rules in the form of a circular. According to IRDAI, title insurance should be retroactive in character. What this means is that it will cover not only future lawsuits, but also any previous faults. The main goals of new title insurance products are to provide coverage to: (a) promoters/developers who prefer to spend as little money on legal defence as possible; and (b) end users, such as allottees/individual buyers/financiers, at the time of possession/handing over of the property unit for future legal suit protection. As a result, all general insurers are urged to file these products in accordance with the existing product filing standards. Insurers may also create and file comparable products, taking in mind the policy wording's minimum coverage requirements. To react to the demands of promoters/developers and retail property purchasers, the items may be filed as soon as possible.

Customers can get hassle-free loans ranging from Rs 5 lakh to Rs 2 crore through Tata Capital Ltd's mutual fund loans. The digital lending programme is available for a variety of mutual fund equity and debt schemes. Customers can get a loan by putting a lien on mutual fund units that are managed by various asset management firms. The following are some of the most significant advantages of a digital loan against mutual funds: It offers consumers an end-to-end online experience, from onboarding to disbursement. The loan can be used as either an overdraft or a term loan. The auto renewal feature is included in the package and is available for periods longer than one year, subject to a mutual fund portfolio review. The entire onboarding process takes only a few minutes. Drawdown, distribution, extra pledging, and de-pledging are all available through the service site. It also allows for simple document execution through the internet.

People are claimed to have been deterred from getting treatment for mental health concerns because of the stigma associated with them.  It also doesn't help that treating mental illnesses can be expensive. However, it is not just financial constraints that prevent people from receiving effective care. In truth, India's present healthcare system is unprepared to handle mental health issues adequately. The majority of behavioural disorders in people with mental illness, according to mental health specialists, should be identified and treated early. Unfortunately, most hospitals lack the bare essentials for treating physical and mental illnesses. In India, the number of mental healthcare specialists, such as behavioural therapists and psychiatrists, is also very low. Because of all of these circumstances, it is extremely difficult for patients to receive appropriate treatment. The Insurance Regulatory and Development Authority of India (IRDAI) proposed that mental diseases and various other health concerns be included in all ordinary health insurance coverage in its exposure draught released last year, with the goal of making mental healthcare accessible to all. IRDAI made it explicit in the exposure draft that insurers cannot refuse coverage to consumers who have previously used opioids or anti-depressants. People with a demonstrated history of clinical depression, personality or neurological disorders, sociopathy, or psychopathy cannot be denied coverage by insurers. In addition, the IRDAI instructed insurers to include puberty and menopause-related illnesses, as well as age-related macular degeneration, in standard health insurance plans. Many insurers began producing products to meet the special needs of those suffering from mental diseases once the directives were announced. There are several insurance options available. Reliance Health Insurance Company and Max Bupa Health Insurance, two well-known insurers, have already created health plans tailored to patients with mental illnesses. The Health Pulse Plan from Max Bupa covers mental health therapy. Policyholders are covered up to the full amount of the insurance policy. Only a few requirements apply to a limited sub-limit. For the time being, the plan is limited to treating patients in tier 2 and 3 cities. However, residents of tier 1 cities including as Delhi, Kolkata, Mumbai, and Chennai will eventually be covered by the scheme. HDFC Ergo's Critical Illness Plan - Platinum, on the other hand, covers Alzheimer's disease as well as 15 other critical illnesses. The Health Pulse Plan from Max Bupa is a conventional health insurance plan, whereas the Platinum Plan from HDFC Ergo is a fixed benefit plan.

State Bank of India (SBI), has launched a bouquet of festive offers for home loan customers. The offers are aimed to make home loans more affordable in the festive season. In a first-of-its-kind initiative, SBI offers credit score linked home loans at just 6.70%, irrespective of the loan amount. Earlier a borrower availing of a loan greater than ₹75 lakh, had to pay an interest rate of 7.15%. With the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.70%. The offer results in a saving of 45 bps which translates to a huge interest saving of more than Rs. 8 lakh, for a ₹75 lakh loan with a 30-year tenure. Further, the rate of interest applicable for a non-salaried borrower was 15 bps higher than the interest rate applicable to a salaried borrower. SBI has removed this distinction between a salaried and a non-salaried borrower. Now, there is no occupation-linked interest premium being charged to prospective home loan borrowers. This would lead to a further interest saving of 15 bps to non-salaried borrowers. To welcome the festivities and boost the market sentiments, the lender has waived off the processing fees completely and offers attractive interest concession based on the credit score of the borrower.

With the benchmark Sensex up more than 23% this year, India is now the world's sixth-largest stock market, surpassing France for the first time in terms of market capitalization. This year, India's stock market value increased by more than $873.4 billion, or 35%, from $2.52 trillion on December 31, 2020 to $873.4 billion on December 31, 2020. India's market capitalization has increased by approximately $2.08 trillion, or 159 percent, since the March 2020 low. It increased its market capitalization by $373 billion in 2020, or 17.4 percent, from $2.14 trillion. The US stock market is the most valuable in the world, followed by China, Japan, Hong Kong, and the United Kingdom. Year to date, the Sensex and Nifty have gained 23 percent and 25 percent, respectively, while foreign and domestic investors have purchased equities worth $8 billion and Rs 23,532 crore, respectively.

The Navi Mutual Fund (MF) of Flipkart co-founder Sachin Bansal has filed documents with the markets regulator seeking authorisation for a ‘Total US Stock Market' fund-of-funds (FoF). Vanguard Total Stock Market Index Fund ETF will benefit from the proposed programme. Vanguard, which was created by John Bogle, is the second-largest money manager in the United States behind Blackrock. With an expense ratio of just 0.03 percent, the Vanguard Total Stock Market Index Fund has achieved annual average returns of 44.33 percent, 18.75 percent, and 14.7 percent CAGR in dollar terms over the past 1, 3, and 10 years. The expense ratio of an Indian fund house cannot be more than double that of the underlying fund, according to the Securities and Exchange Board of India (Sebi) laws. The Navi Total US Stock Market FoF's expenditure ratio would be limited to approximately 0.09 percent as a result. Bansal's Navi Mutual Fund is likewise a passive investment vehicle. The fund company has filed for a NASDAQ 100 FoF along with their Total US Stock Market application. This programme, on the other hand, will invest in other asset managers in the United States. Blackrock-owned iShares funds, Lyxor, and USAA Funds are among the asset managers named in its disclosures.

Equated Monthly Instalments, or EMIs, are highly useful when you need to make a substantial purchase. The ease with which the money can be repaid allows the financial flexibility to manage cash without adding to the strain. Until recently, the only way to get an EMI was to use a credit card. While some banks and financial institutions provide EMIs on debit cards, this is usually only when the bank or financial institution has a particular relationship with the merchant. Customers can now use their debit card to get an EMI on any merchant of their choice, thanks to a new service from Kotak Mahindra Bank Ltd. Customers can use the Kotak Smart EMI initiative to buy anything on EMI, including fashion items, gadgets, consumables, and almost anything else. The sole stipulation is that the transaction must be for a minimum of Rs 5,000. The EMI conversion process is simple and does not involve any papers. — When a Kotak Mahindra Bank customer uses their debit card to make a purchase of at least Rs 5,000 online or offline, they will receive an SMS from the bank. — An option to convert the purchase into an EMI will be included in the SMS. — Customers who are interested can follow the link to check transaction information and choose an EMI duration and choice that best suits their needs. — The transaction will be converted into an EMI after the consumer makes the relevant selections and submits their request. — The money spent on the transaction will be refunded to the customer's account, and they will be required to repay it via EMI. Kotak Mahindra Bank's new product is considered as an endeavour to expand its market presence and penetration among new clients. Customers, particularly those who do not use credit cards, are expected to respond positively to the offer.

Neobank Fi and Federal Bank have teamed up to offer an instantaneous savings account. The three-minute savings account is geared toward digital-first millennials. Fi, a financial services company for salaried millennials based in Bengaluru, has announced a partnership with Federal Bank to offer an instantaneous savings account with a debit card in three minutes. Fi, is a financial services company for salaried millennials based in Bengaluru, has announced a partnership with Federal Bank to offer an instantaneous savings account with a debit card in three minutes. Fi was founded by google employees to help people do better with money and to create an intelligent bank layer that helps millennials understand their money, save more, and spend wisely. Fi was founded in 2019 by ex-Google employees who pioneered Gpay. It provides a digital banking experience that is interactive, personalised, and transparent. Users have access to a cutting-edge savings account as well as money management tools that help them understand, develop, and organise their assets. Fi's goal is to help consumers with their financial journeys beyond digital payments, such as insurance, financing, and investment opportunities. as stated in the press release Fi enables smarter banking. It raises the bar for banking by allowing for a more personalised money-management system. With Fi, you receive more than simply a bank account; you also get a variety of other useful features listed below: The new method to save money- Fi's bot FIT asks you to set aside a specific amount as 'savings' every time you spend Fi, for example, can put INR 500 into your savings jar for every purchase you make on an e-commerce platform or every time you order takeout, allowing you to save even more! For good saving practises, it even rewards you with cashbacks and Fi coins. Fi gives you more options: not only can you take money from any ATM, but you can also manage your card from your phone. At the touch of a button, you can freeze your card. Fi also allows you to start a new account with no minimum balance (great!). Save smarter and on your own terms with Fi's Smart Deposit (Jars), which combines the best of the popular Fixed Deposit (FD) and Recurring Deposit (RD) to allow customers save on their own terms toward their goals. A Smart Deposit allows you to choose the amount and frequency of your investments. Organize your Money- With Fi, you can save money in Jars based on your goals, such as a Rainy Day Jar, a Retire at 40 Jar, or a Get the New iPhone Jar. You may organise your money this way without having to open different bank accounts. Fi assists you in spending wisely by providing you with millisecond-by-millisecond insight into where your money has gone. Ask Fi provides answers to inquiries such as "How much did I spend on food last month?" and insights without requiring you to open an excel sheet.